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By David Shepardson WASHINGTON (Reuters) - Volkswagen AG's settlement with nearly 500,000 U.S. diesel owners and government regulators over polluting vehicles is valued at more than $15 billion cash, a source briefed on the matter said on Monday. The settlement, to be announced on Tuesday in Washington, includes $10.03 billion to offer buybacks to owners of about 475,000 polluting vehicles and nearly $5 billion in funds to offset excess diesel emissions and boost zero emission vehicles, the source said. A separate settlement with nearly all U.S. state attorneys general over excess diesel emissions will be announced on Tuesday and is expected to be more than $500 million and will push the total to over $15 billion, a separate source briefed on the matter said.
By Elizabeth Piper and Kylie MacLellan LONDON (Reuters) - Britain could have a new prime minister by early September, the ruling Conservative Party said on Monday, after David Cameron started laying the groundwork for his successor to trigger the country's exit from the European Union. The government is under pressure to fill a vacuum left when Cameron announced he would resign by October after Britain ignored his advice and voted to leave the 28-member bloc in last week's referendum. Triggering a leadership battle that could draw in some of his closest advisers, Cameron urged MPs to work together in the meantime.